Andrew writes a check for $1,299 which is the medium of exchange.
What is the way of transaction ?
- A sale is a completed agreement between a buyer and a dealer to change goods, services, or fiscal means in return for plutocrats.
- The term is also generally used in commercial accounts. As a business secretary, this plain description can get tricky.
- A sale may be recorded by a company before or later depending on whether it uses an addendum account or cash account.
Here,
Andrew can easily determine that the price of the computer is more than the price of the vacation = Unit of Account
Andrew has $1,574 in his checking account
= Store of value
Andrew writes a check for $1,299
= Medium of exchange
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Answer:
Goods are items you buy, such as food, clothing, toys, furniture, and toothpaste. Services are actions such as haircuts, medical check-ups, mail delivery, car repair, and teaching.
Explanation:your welcome
They spend on labor 5625. based on the given situations.
Exertions fee ought to be around 20 to 35% of gross income. slicing hard work costs is a balancing act. locating methods to streamline labor costs is rooted in reducing costs without sacrificing personnel morale or productivity.
Hints from White-Hutchinson enjoyment and studying consulting institution say that restaurant labor costs ought to be available in at much less than 30% of sales, and food and exertions costs ought to be less than 60% of the revenue.
The labor-to-revenue ratio is a monetary analysis device that compares the amount of cash a business enterprise spends on its employees to the quantity of cash it makes in net sales. Dividing hard work value via net sales for a given duration yields this ratio. Multiplying the result through 100 converts it to a percentage.
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Answer:
The increase labor cost that differs with the hours worked, there is no effect on the quasi cost.
Explanation:s
Solution
In this example stated, the benefits will be given to the part time workers, but in the proportion or respect to the number pf hours worked or input
Labor cost per hour will increase.
Furthermore, this cost is not is not on the basis of employment, but rather on the basis of hours worked, so the quasi fixed cost is not affected on the long run.
